BitcoinLong
Analogous chart patterns for btcusd/bullish forecast
Striking similarity between the chart patterns:
A is identical to B,
and C ist is identical to A and B, but compressed.
The lowest point 03/2020 is very low because of the Covid-crisis. The correspondend low from now can be expected being less impressive.
The formation was a wave 2 in 2019; now it is a wave 4. If the analogy holds anyway, an uptrend may occur for the next months.
A is identical to B,
and C ist is identical to A and B, but compressed.
The lowest point 03/2020 is very low because of the Covid-crisis. The correspondend low from now can be expected being less impressive.
The formation was a wave 2 in 2019; now it is a wave 4. If the analogy holds anyway, an uptrend may occur for the next months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.